Connected and Autonomous Vehicle industry worth £28bn to the UK by 2035

Connected and Autonomous Vehicle industry worth £28bn to the UK by 2035 

The key findings of a study published by the Transport Systems Catapult (TSC) and CCAV at this year’s Cenex LCV, estimates the market for Connected and Autonomous Vehicles (CAVs) in the UK at £28bn in 2035, capturing 3% of the £907bn global market.

The research, led by Element Energy with support from Cambridge Econometrics, estimated the size of the global CAV market and considered the UK’s ability to capture supply chains for CAVs and their associated technologies, under different CAV-uptake scenarios.

Key figures

The report estimates that:

  • In the UK, connected and autonomous vehicles in which the vehicle can perform the dynamic driving task could account for 31% of total annual sales by 2035, equating to vehicle sales of 1.1 million CAVs (including cars, vans, HGVs and buses).
  • Global CAV sales could be at 25% of total sales by 2035 (32.2m vehicles).
  • UK jobs in the manufacture and assembly of CAVs could reach 6,400 people in 2020 and 27,400 by 2035.
  • There would be 6,000 net additional direct jobs in the production of CAV technologies in the UK by 2035, with a further 3,900 indirect jobs created in the supply chain for these technologies.

You can download and read the full report here

 

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